The Irish-based European headquarters of Facebook and Instagram’s owner paid a €900 million dividend last year to its immediate parent last year as sales and net profit rose.
Still, the dividend payout was down from €3.7 billion handed over to it immediate parent, Facebook International Operations, a year earlier. The statement also shows that Meta Platform Ireland’s board approved a further €600 million distribution in March.Housing bodies mull shifting borrowings off State balance sheet
The firm is currently pursuing a High Court challenge against a decision by the Data Protection Commission in May last year to imposed a record €1.2 billion fine on it for violating European privacy rules. It followed a long investigation into transfers by Facebook of Europeans’ personal data to the US.
Average headcount at Meta Platforms Ireland fell by 18 per cent last year to 2,171 in 2023 amid cost-cutting across the wider Meta group. It recorded €40.4 million of severance expenses, up from €22.5 million for the previous year.
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